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Western Union Pulls Plug on Digital Banking Service
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News Archives | PYMNTS.com
Western Union Digital Bank is being discontinued, is ending its services and will close all accounts two months after users have received their closure notice, the service’s operator, Western Union International Bank, said in a legal notice on its German website.
“Following one of these reviews, we decided to discontinue Western Union Digital Bank.”
Western Union International Bank is an independent agent within the Western Union money transfer network; is headquartered in Vienna, Austria; and is regulated by the Austrian Financial Market Authority (FMA), according to its About Us page.
It was founded in 2004 as part of the Western Union Group, according to another page.
Customers will still be able to use Western Union money transfer services through the Western Union website or app, as those services are separate from Western Union Digital Bank, per the legal notice.